Simply UK aims to become Scotland’s largest care home developer following a £40m credit facility courtesy of real estate lender, Fortwell Capital.
Finance
Impact Healthcare REIT added eight care homes and 484 beds to its portfolio during the second quarter of 2019.
Leading care home provider Four Seasons could be sold for as little as £400m, according to a press report.
Significant progress has been made in the bid to find a buyer for care home group Four Seasons Health Care but a Barchester deal appears to have hit the rocks, according to news reports.
Some of the UK’s leading care home operators have come under fire over their links to offshore firms.
One in three councils fear they will run out of funding to meet their legal duties on providing services such as adult social care, a survey has found.
Specialist investor in modern, purpose-built care homes, Target Healthcare REIT, has completed the £7.6m acquisition of Acorn House in Nottingham.
Christie & Co has said investor confidence remains high in the care market despite a challenging operational environment and Brexit.
Adult social services directors have called on the government to provide a long-term funding solution to the social care crisis.
